Gamco Ltd Extends Elika Realestate Investment Deadline to Dec 31

Gamco Ltd announced an extension for its additional investment in Elika Realestate Private Limited. The completion date for acquiring an additional 15% equity stake has been pushed from September 30, 2026, to December 31, 2026. This move is aimed at strategic expansion and overall business growth. The acquisition, valued at up to ₹5.50 lakhs, is considered a related party transaction as 5% of the stake will be acquired from the Promoter Group. Post-completion, Gamco Ltd will hold 60% equity in Elika Realestate, which is engaged in the real estate business and reported NIL turnover for FY26. The transaction is being conducted on an arm's length basis.